ATTENTION LICENSEES: THIS IS NOT AN ADDENDUM IT IS SUGGESTED
LANGUAGE. A form created by your broker/company with the below information
must be presented to the Seller no later than when the Seller signs the listing agreement
and the Buyer, prior to showing any properties listed by members of your team.
NOTIFICATION OF DUAL AGENCY WITHIN A TEAM
Under Maryland law, a team that provides real estate brokerage services must consist of
two or more associate brokers or salespersons, or a combination of the two, who:
1. work together on a regular basis;
2. represent themselves to the public as being part of one entity; and
3. Designate themselves by a collective name such as “team” or “group.”
The team operates within a brokerage, and team members are supervised by a team leader
as well as by the broker, and, if they work in a brokerage branch office, by the branch
office manager.
The law permits one member of a team to represent the buyer and one member to
represent the seller in the same transaction only if certain conditions are met. If both
parties agree, the broker of the real estate brokerage with which the salespersons or
associate brokers are affiliated or the broker’s designee (the “dual agent”) shall
designate one team member as the intra-company agent for the buyer and another team
member as the intra-company agent for the seller. No one else may make that
designation.
The law also requires that the buyer and seller each be notified in writing that the
two agents are members of the same team, and that the team could have a financial
interest in the outcome of the transaction in addition to any financial benefit
obtained by selling one of the broker’s own listings. THIS CONSTITUTES YOUR
NOTICE OF THOSE FACTS.
Dual agency may occur only if both parties consent to it, and sign the Consent for Dual
Agency form prescribed by the Real Estate Commission. If you have concerns or
questions about being represented by a team member when another team member
represents the other party, you should address these to the broker or branch office
manager before signing the Consent form.
ACKNOWLEDGMENT OF RECEIPT OF NOTICE
I/we acknowledge receipt of the Notification of Dual Agency within a Team.
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DATE:__________________